What will my army pension be

To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV. UK We use some essential cookies to make this website work. Accept additional cookies Reject additional cookies View cookies. Hide this message. Home Support services for military and defence personnel and their families. Guidance Armed forces pensions. Information related to the Armed Forces Pension Schemes. Print this page. A world class pension scheme for your military service When a member of the armed forces reaches their retirement age, they receive one of the most generous pensions available in the UK.

AFPS your pension scheme explained Pension Codes : the amounts of service retired pay and pensions, service invaliding retired pay and pensions, service attributable retired pay and pensions, gratuities and resettlement grants are shown in the pension code. Armed Forces and Reserve Pension Schemes re-employment PDF , KB , 43 pages Transfers in and out of the schemes If you have built up pension benefits elsewhere before joining the armed forces you have the option to transfer in the value of your other benefits to receive a service credit in your Armed Forces Pension Scheme.

Added video and transcript 28 May Added information about legislation for the Armed Forces Compensation Scheme 17 May Removed commeration information and added link to Support for Veterans page. Brexit Check what you need to do. Explore the topic Support services for military and defence personnel and their families Support services for veterans and their families.

Is this page useful? Maybe Yes this page is useful No this page is not useful. Thank you for your feedback. Report a problem with this page. What were you doing? Check out the US military pay scale charts for all ranks for active duty, as well as Reserve and Guard components. What will that do to your paycheck?

Read more. The military retirement system is arguably the best one around, but proper planning is needed to ensure you can retire Disability compensation is paid to veterans disabled by an injury or illness that was incurred or aggravated during active Benefits Military Pay Retired Pay. Computing Retired Military Pay. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

You May Also Like. Yes, You Can! While some of us couldn't wait to get out, some can't wait to get in. Of all the retirement plans, the Final Pay system uses the simplest formula.

This would increase your retirement pay. Both the High-3 and the Final Pay retirement calculators are for service members who joined before or , respectively. If you joined after , use the Blended Retirement System calculators for active duty or those in the National Guard or reserves. Did you know that Military OneSource offers free financial counseling for all active-duty service members and their immediate families over the phone, by chat or secure video conference?

They can review your High-3 or Final Pay calculator estimates and offer suggestions on making the most of your future retirement pensions. You can also go to your on-base finance office for free in-person help figuring out your retirement plans and payments. Understand the different pension schemes and find out what type of pension you have. This scheme was based on the AFPS 75 principles. This is a type of defined benefit pension scheme offered by employers. Commissioned Officers can leave with immediate pension award entitlements after 16 years of service.

Non-commissioned individuals can leave with immediate pension award entitlements after 22 years of service. The same rules apply to all Regular serving personnel. No immediate pension payable to leavers under the age of The same rules apply to all Full Time Reserve serving personnel.

No immediate pension is payable to leavers under the age of There are no early departure payment awards. All short periods of service are payable at the age of 60 if personnel leave full time Reserve service at that age. The same rules apply for all Regular and Reserve personnel.